Corporate Operations: Page 20
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Courtesy of Lake Hour
Marvel actor and film producer partner on nostalgic canned cocktails
Lake Hour, co-founded by Wyatt Russell, aims to offer a more appealing, less sugary alternative to mainstream hard seltzer brands.
By Chris Casey • Aug. 20, 2024 -
Permission granted by Bush Brothers
Can canned food outlast competition from flexible plastic alternatives?
With consumers feeling squeezed by inflation, food companies like Bush’s Beans and suppliers such as Sonoco see cans as a reliable space to grow in while also meeting sustainability goals.
By Shefali Kapadia • Aug. 19, 2024 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Courtesy of High Noon Spirits Company
Deep DiveHard seltzer started a new category, but will canned cocktails sustain momentum long term?
The push for premium RTD beverages is relying on real spirits and unique flavors to keep the ball rolling.
By Chris Casey • Aug. 19, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway Foods family feud heats up as shareholders push CEO to resign
The brother and mother of CEO Julie Smolyansky are accusing the executive of steering the company off course.
By Chris Casey • Aug. 16, 2024 -
Scott Olson via Getty Images
Extreme heat is destroying corn crops around the world. US exporters could see a boost.
Unfavorable growing conditions in Europe and South America may be a bright spot for U.S. farmers as they struggle to offload record supply.
By Sarah Zimmerman • Aug. 15, 2024 -
Mario Tama via Getty Images
Snacking supernova: Kellanova CEO says purchase by Mars will spark innovation
Steve Cahillane, who plans to exit the company after the deal goes through, said in an interview the nearly $36 billion acquisition will help the Pringles producer grow in new markets.
By Chris Casey • Aug. 15, 2024 -
Courtesy of Molson Coors
Tilray to acquire 4 craft beer brands from Molson Coors
The purchase allows the cannabis producer to continue growing its presence in the alcohol category and comes as the Coors Banquet brewer seeks to pare down its portfolio.
By Chris Casey • Aug. 14, 2024 -
Courtesy of Kellanova
Snickers owner Mars to buy Kellanova for $35.9B
The deal for the Cheez-It and Pringles maker is the biggest in the food space since the Kraft Heinz merger in 2015. It gives the gum and candy giant a dominant presence in savory snacks where it currently has little exposure.
By Christopher Doering • Aug. 14, 2024 -
Courtesy of Upside Foods
Upside Foods sues Florida over cultivated meat ban
The lawsuit claims the state’s ban on cultivated meat is unconstitutional and only seeks to protect local meat producers from competition.
By Elizabeth Flood • Aug. 13, 2024 -
Christopher Doering/Food Dive
Deep DiveYou can’t ‘replicate a Celsius’: How the energy drink maker evolved from an unknown to category giant
Revenue has doubled each of the last two years as its beverage’s functional attributes, better-for-you halo and novel flavors resonate with mainstream consumers.
By Christopher Doering • Aug. 13, 2024 -
Courtesy of Mondelez International, Coca-Cola
Oreo, Coca-Cola partner to create drink and cookie combining the iconic brands
The limited-time offerings will be available in grocery and convenience stores in the U.S. and other select markets around the world starting in September.
By Christopher Doering • Aug. 13, 2024 -
Courtesy of Marlow Ingredients
Quorn to launch blended meat-mycoprotein products by end of the year
The ingredient, which seeks to push back against the “exclusive” perception of plant-based products, will be available in a blended form across a variety of foodservice operators.
By Elizabeth Flood • Aug. 12, 2024 -
Retrieved from Sweetwood Smoke & Co..
Conagra Brands acquires premium meat stick brand Fatty
CEO Sean Connolly said the purchase, which complements its Slim Jim and Duke’s offerings, “is another step in reshaping our portfolio for faster growth.”
By Christopher Doering • Aug. 12, 2024 -
Courtesy of Bacardi North America
ColumnLeftovers: Bacardi teams up with Tipsy Scoop | Utz unveils cheesy and cinnamon snack flavors
The alcohol-infused ice cream maker is launching an Ocho Guava Daiquiri variety, and Bob’s Red Mill expands its lineup of pancake and waffle blends.
By Chris Casey • Aug. 9, 2024 -
Joe Raedle via Getty Images
Tyson taps new president of international sales
Devin Cole, who recently rejoined the company to lead its global McDonald’s business, is taking over responsibilities from Amy Tu, who is retiring.
By Nathan Owens • Aug. 9, 2024 -
Justin Sullivan via Getty Images
ColumnThe Weekly Sip: Molson Coors faces declining beer demand | Nestlé brings Kit Kat into Coffee mate
The brewer said offerings such as Coors Banquet are helping drive sales despite a decline in total volume, and a U.K. canned cocktail brand hopes to make a statement in a crowded category.
By Chris Casey • Aug. 8, 2024 -
Permission granted by Ingredion
Chemical found in rocket fuel detected in fruits, dairy and meat: Consumer Reports
The group said while perchlorate was detected in measurable levels in two-thirds of nearly 200 samples, it was not “acutely dangerous” and didn’t exceed EPA guidelines.
By Christopher Doering • Aug. 7, 2024 -
Bill Pugliano/Getty Images via Getty Images
WK Kellogg Co to shutter Nebraska cereal plant as profits slide
The Frosted Flakes maker also plans to cut production at a Memphis facility while boosting output at locations in Michigan, Pennsylvania and Ontario, Canada.
By Chris Casey • Aug. 7, 2024 -
Courtesy of Prime
Logan Paul’s Prime sports drink hit with lawsuit from bottler
Refresco alleged Congo Brands, which sells the hydration beverage founded by YouTube star Logan Paul, backed out of its agreement to sell the drink.
By Chris Casey • Aug. 6, 2024 -
skynesher via Getty Images
Tilray bets big on beverages to drive growth
The company, which could reach $1 billion in revenue this year, is expanding its craft beer, cannabis and nonalcoholic drinks lineup.
By Chris Casey • Aug. 5, 2024 -
Retrieved from Liquid Death on August 01, 2024
Q&AHow Liquid Death cuts through marketing noise without big media buys
Vice President of Creative Andy Pearson explained how the billion-dollar beverage brand helps consumers “murder” their thirst in an expanding market.
By Chris Kelly • Aug. 5, 2024 -
Permission granted by Clio Snacks
Clio refrigerated bar demand heats up as yogurt offering upends dairy space
CEO John McGuckin said the snacks maker’s sales could reach $500 million as it boosts household penetration and convinces retailers to carry more of its offerings.
By Christopher Doering • Aug. 5, 2024 -
Permission granted by We Store Frozen
Sponsored by We Store FrozenThe story of We Store Frozen
True to our spirit, we love to move fast and think big. This vision materialized in our first We Store Frozen cold storage facility.
By OMRI SHAFRAN • Aug. 5, 2024 -
Courtesy of Kellanova
Pringles leads the pack as Kellanova touts sales growth
The snacking company’s CEO Steve Cahillane told investors the chip brand is driving volume improvements in North America.
By Chris Casey • Aug. 2, 2024 -
Permission granted by Graza
ColumnLeftovers: Graza olive oil goes mini | Startup snack turns pasta into puffs
The viral brand is partnering with Little Spoon on a variety aimed at babies and toddlers; and Birch Benders flips into Filipino ingredient ube for purple pancakes.
By Food Dive staff • Aug. 2, 2024
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